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Bartosiak: Trading Skechers' (SKX) Earnings with Options

20 April 2017, 06:08 | Kelvin Horton

Bartosiak: Trading Skechers' (SKX) Earnings with Options

Favorable Setup Attractive Valuation Keeps Cowen Bullish On Skechers

The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Valuation Ratios of Skechers U.S.A., Inc. The analysts estimated sales for the higher end at 975.7 million and lower end at 938.73 million while the year ago reported sale was 1084.48 million. The company's 50-day moving average is $26.59 and its 200-day moving average is $24.47.

All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. The company reported its last quarter on 12/31/2016. Skechers USA had a net margin of 6.83% and a return on equity of 15.10%. The firm earned $764.30 million during the quarter, compared to analyst estimates of $725.08 million. (SKX) is $28.44/share according to the consensus of analysts working on the stock, with an expected EPS of $0.55/share for the current quarter.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Skechers U.S.A., Inc. the EPS stands at 0.04 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.09, suggesting the stock fell short of the analysts' expectations. If you are reading this story on another website, it was stolen and republished in violation of United States and global trademark and copyright laws. Dividends are mostly given in terms of cash payments, property or as shares of stock.

A number of hedge funds have recently modified their holdings of SKX. Rothschild Asset Management Inc. acquired a new stake in Skechers USA during the third quarter valued at approximately $22,134,000. LS Investment Advisors LLC raised its stake in Skechers U.S.A.by 5.8% in the third quarter. Sii Investments Inc. WI now owns 13,367 shares of the company's stock valued at $329,000 after buying an additional 552 shares during the last quarter. Capstone Asset Management Co. now owns 18,446 shares of the company's stock valued at $506,000 after buying an additional 160 shares during the last quarter.

Clearly, recent earnings estimate revisions suggest that good things are ahead for Western Alliance, and that a beat might be in the cards for the upcoming report. Finally, Vetr downgraded Skechers USA from a buy rating to a hold rating and set a $26.32 target price for the company.in a research note on Monday, February 20th. Monness Crespi & Hardt upgraded shares of Skechers U.S.A. from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Saturday, December 31st.

Analysts have a mean recommendation of 1.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The consensus target price is $40.53 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell. The company now has an average rating of "Hold" and an average target price of $28.71.

Currently, the market capitalization of Skechers U.S.A., Inc.

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